Moody’s: container shipping to see small earnings growth from fuel cost savings

Global credit rating agency Moody’s Investors Service has given the global shipping industry a stable outlook for the coming 12 to 18 months, but…

Ship operating costs to go up in 2015-2016, says report

Vessel operating costs are expected to rise in both 2015 and 2016, particularly for crew wages, repairs and maintenance, and drydocking, according to the…

PH maritime agency increases service rates by at least 20%

Charges for services rendered by the Maritime Industry Authority (Marina) have gone up by at least 20% effective Nov 2. The rate hike, approved…

First phase of Davao-Sasa port project to start June 2016

The Department of Transportation and Communications (DOTC) intends to award the P19.7-billion Davao-Sasa port modernization project by March next year and start the construction…

Manila Harbour Centre high berth use seen to rise even more

Harbour Centre Port Terminal, Inc. (HCPTI) said it has been applying measures to ease high berth utilization at its port Manila Harbour Centre even…

Marina offers incentives for PH fleet modernization

The Philippine government is providing incentives to help upgrade the domestic fleet, including route protection and a 50% discount on fees and charges for…

Malaysia readies shipping master plan, as VN eyes Da Nang Port upgrade

Malaysia’s Transport Ministry is collaborating with the country’s shipping association in formulating the Malaysian Shipping Master Plan (MSMP) to develop the country’s overall shipping…

Maersk Line’s earnings downgrade a call to action for troubled industry, says Drewry

The downgrade by Maersk Line of its 2015 profit expectations indicates that even the world’s biggest container liner is not immune from the impact…

Bill raising tax exemption for balikbayan boxes folded into draft CMTA

Overseas Filipino workers and their families in the Philippines may soon no longer have to worry about paying taxes on their balikbayan (personal effects)…

Asian exports reflect key trends in global container demand

Exports from Asia remain vibrant despite the sluggish pace of global economic growth, but they are also highlighting the areas of container trade growth…

Manila domestic port to adopt container booking system in 2016

Port operator Manila North Harbour Port, Inc. (MNHPI) will roll out the Terminal Appointment Booking System (TABS), along with other automation projects, at Manila’s…

PH trade facilitation efforts exceed ASEAN average—UN global survey

The Philippines’ efforts at implementing trade facilitation measures exceed the overall average in Southeast Asia and the Asia-Pacific, according to a just-released survey by…

Batangas box terminal hits 100,000-TEU mark

Batangas Container Terminal (BCT) broke through the 100,000 twenty-foot equivalent unit (TEUs) mark in October, the first time in a single year it has…

Indonesia constructing more ships to attain maritime dream

The Indonesian government said the country is on a shipbuilding spree as as part of a national drive toward ambitions to become a global…

Maersk, MSC dissolve Asia-Black Sea sling

The 2M partnership between Maersk Line and Mediterranean Shipping Co. (MSC) announced the reduction of capacity in their Asia-Black Sea network by next month…

US market rebounds to the delight of box carriers

Shipping liners serving the US trade lane are currently enjoying a demand jump for box imports, propelled by rising American consumer confidence, according to…

PH Customs chief eyes weighing of import cargo inside ports, truck registration with BOC

Customs commissioner Alberto Lina said he will soon issue a memo that requires terminal operators to weigh import containers within the port before their…